Answered: by The financial performance of an…

by The financial performance of an entity is calculated Select one: A. a decrease in expenditure. B. a decrease in liabilities. C. an increase in assets D. income minus expenditure.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 5MCQ

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Question

The financial performance og an entity is calculated by

..
Select one:
A. a decrease in expenditure.
B. a decrease in liabilities.
C. an increase in assets
D. income minus expenditure.
E. assets less equity plus liabilities
e correct answer is:
ome minus expenditure.

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